Snippet: A $5000 iPad? ☇

No, it’s not diamond-encrusted or anything like that—Jay Yarow from Business Insider explains how Tim Cook’s management of logistics keeps the iPad’s costs down:

Cook was able to figure out logistics and manage the supply chain so Apple could earn those fat margins. This isn’t the first time we’ve heard people marvel at Cook’s operation ability, but it was the best phrasing for it we’ve ever heard,” reads the Business Insider article. “It’s also a good reminder of how important Cook is to Apple.